Transitioning from a solopreneur to an entrepreneur marks a significant shift in goals and responsibilities. It means changing your role as a hands-on operator to a visionary leader, setting the strategic direction of the business and building a team to execute it.
In this episode, hosts Mike and Dan dig into the challenges of owning and running a real estate business. They explore the differences of being a solopreneur versus entrepreneur, discussing an entrepreneur’s duty to lead the business down a path of growth and secure long-term gains with real estate investments.
Mike and Dan also share updates into their recent Subject To deal, diving into the realities of this popular real estate transaction and the implications of a due-on-sale clause. Their experience is a cautionary tale against jumping on trends without doing your homework, and highlights the importance of diversifying your portfolio.
As Mike notes in this episode, “it’s all about understanding your options. The difference between professionals and amateurs is knowing how to navigate different things.”
Tune in now to learn what it takes to own and operate a real estate business!
Topics discussed in this episode:
Understanding the role of a solopreneur versus entrepreneur
The reality of starting and owning a real estate business
Lessons from our Subject To dilemma
Exploring notes in wholesaling
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